InstaReM nabs US$41m in Series C funding
The final close of US$20 million was led by Vertex Growth Fund, supported by new investor Atinum Investment from South Korea
Add BT as a preferred source
Vivienne Tay
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
DIGITAL payments company InstaReM has closed a Series C funding round at US$41 million in Singapore. The final close of US$20 million was led by Singapore-based Vertex Growth Fund and supported by a new investor, Atinum Investment from South Korea.
The overall Series C round was completed in two phases, with the first US$21 million closed in late November last year, led by new investors MDI Ventures, the venture capital (VC) arm of Indonesia's Telkom, and Beacon Venture Capital, the VC arm of Thailand's Kasikornbank.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
